Monday 3 May 2010

Finagle.



Finagle. Mean, to obtain or achieve by indirect, usually deceitful methods: finagle a day off from work. …Ones I describe sketch from Armstrong and Miller’ TV show. Where he, with painted into the blond hare was speaking with the guy next chair to him in the plane. He was going: ‘… Today I have meeting in Strasburg, tomorrow I should attend an important negotiation in Paris…, in same day, - the imperative summit in Brussels… The neighbor, very fascinated is asking him: ‘Sorry, what exactly you do?’ And he answered with certain despair in his voice: ‘I… don’t know!’ (See the photos). To understand for you (and for me) this, I need to tell you my dream again. Was dreaming with the Financial Times are “penetrating” through the mail hole in my door… Well, personally, I think that this is something big which comes at me, and is quite unavoidable. Clearly, - that I should to take a care of it ‘pronto!’ Actually, I was wrong to think that $146 billion of the official eurozone/IMF rescue Programme announced on Sunday will, (at least for a day or two) calm down the markets. What can I say? I put in a lot of my time with those who insist to think that I have nothing else to do. Which I’m already answered. And, if you mind read the articles attached, you’ll recognize the certain ability of me to work with more wide variety of people (however a little recommended they will be), themes and subjects. For you, my “co-workers”, to understand what I talk about, just remember what exactly mean the osmotic gradient. Right? And let to the rest naturally flow in that direction. Important dough, to have a gift for appreciate correctly what’s really pass on a “partner’s” mind. Same is with the small kind of remainder – where I’m willing to go and what exactly I want to be.

Portugal terá prejuízo no dinheiro a emprestar à Grécia. 03/05/10 09:35. Portugal é "inequivocamente" diferente da Grécia mas deve continuar sob os holofotes do mercado, consideram os economistas do HSBC.Sublinhando que a crise grega "é inequivocamente" mais severa, os especialistas do HSBC antecipam que outras economias vulneráveis na zona euro, como Portugal, "continuarão a atrair a atenção dos investidores", sobretudo aquando das emissões de dívida agendadas para Maio. Numa nota de análise, os economistas do banco britânico afirmam que Portugal deverá ter ‘prejuízos' nos dois mil milhões de euros que emprestará à Grécia, dado que não se conseguirá financiar abaixo do juro cobrado a Atenas, que rondará os 5%. "A subida dos ‘spreads' da dívida portuguesa criou dificuldades não só para as necessidades de financiamento doméstico, mas também para o contributo do pacote de ajuda à Grécia. Actualmente, Portugal teria de pagar um preço mais elevado para conseguir financiamento do que a taxa de 5% cobrada pelos empréstimos à Grécia", lê-se numa nota de análise do HSBC. A ‘yield' das obrigações do Tesouro português está acima dessa barreira de 5%, no 5,142%. Contudo, nas maturidades mais curtas, entre dois e 8 anos, o juro da dívida portuguesa está abaixo de 5%.

ECB extends lifeline to Greece. May 3 2010 08:34. Greece has been given an unprecedented lifeline by the European Central Bank that will boost the attractiveness of its crisis-hit government bond market. Buttressing eurozone and International Monetary Fund efforts to save Greece from bankruptcy, the ECB said on Monday that it was suspending the minimum credit rating required for Greek government-backed assets used in ECB liquidity-providing operations. The move in effect removes the risk of Greek government bonds being excluded if ratings agencies turn against the government’s rescue programme.
Last week, Standard & Poor’s, the credit rating agency, downgraded Greek bonds to “junk” status. That left the bonds dependent on other agencies for the minimum investment grade status required by the ECB. Exclusion of Greek bonds would have catastrophic consequences for the country’s banking system – and for banks in France and Germany that also have substantial Greek holdings. The ECB gives no figures but the value of Greek assets used as collateral in its liquidity-providing operations is thought to be worth several tens of billions of euros. In a statement, the ECB said its governing council had backed the €110bn ($146bn) official eurozone/IMF rescue programme announced on Sunday. “This positive assessment and the strong commitment of the Greek government to fully implement the programme are the basis, also from a risk management perspective, for the suspension [of the minimum rating],” the bank said. The move, which could expose the ECB to accusations that it is favouring one eurozone country, highlights the determination of the ECB to avert the biggest challenge facing Europe’s monetary union in its 11-year history. But it also reflects the ECB’s exasperation with private sector ratings agencies. In the past few days, ECB governing council members have criticised sharply S&P for the timing of last week’s move, which added significantly to the financial turmoil facing Greece. The ECB said the suspension would last “until further notice”.

“… His manager, Pat Mooney, who was also involved in the discussions held in Kiev, Ukraine, has resigned as a director of the World Professional Billiards and Snooker Association (WPBSA).
The match-fixing allegations come as snooker is negotiating a new broadcasting deal with the BBC and is seeking millions of pounds of sponsorship. Video footage of Higgins and Mr Mooney allegedly agreeing to accept a bribe was released by the News of the World before the final of the World Snooker Championship, which is due to finish today in Sheffield. He said: “I didn’t know if this was the Russian mafia or who we were dealing with. At that stage I felt the best course of action was just to play along with these guys and get out . . . Mr Hearn is in negotiations with the BBC to renew the existing £4 million contract to broadcast the sport, which runs out next year. Last night the BBC refused to discuss how the allegations would affect its negotiations…”

The ex-aide held over ‘£300,000 fraud’ that shut Charles charity. By Martin Delgado
Last updated at 10:02 PM on 1st May 2010. A man has been arrested over an alleged £300,000 fraud and money-laundering operation which led to the closure of a charity founded by Prince Charles. Accountant George Gray and his wife Gillian were arrested by Scotland Yard officers in an early-morning raid on their home in North London. Mr Gray, 49, is a former chief executive of the organisation at the centre of the investigation – The Prince’s Foundation For Integrated Health – which Charles set up in 1993 to promote complementary and holistic therapies. Last week the trustees announced that the charity had stopped its operations with immediate effect. Mr Gray is a member of the Institute of Chartered Accountants and his wife, 54, is a voice coach. They have been married for 14 years and have a teenage daughter. They bought their five-bedroom home in Golders Green for £745,000 in December 2006. Mr Gray has worked in the charity sector before, spending two weeks at Diabetes UK in 2004 before becoming finance director at the Leadership Foundation For Higher Education. The Prince’s Foundation For Integrated Health received nearly £1million from taxpayers and was also part-funded by profits from Charles’s commercial ventures, including the Duchy Originals organic food company and the shop on his Highgrove estate. The alleged fraud came to light after auditors questioned some transactions in the accounts. The Prince is being kept informed about the inquiry. Scotland Yard said: ‘Officers from the Metropolitan Police’s Economic and Specialist Crime Command arrested two people on April 26 on suspicion of fraud and money-laundering. 'A 49-year-old man and a 54-year-old woman were arrested at 7am and taken to a North London police station. They were later bailed to a date in June.’ A charity spokesman said: ‘The trustees feel the Foundation has achieved its objective of promoting integrated health. 'They believe the best way of promoting integrated healthcare in the future is through the networks of specialist practitioners which the charity has helped to establish.’ The Grays declined to comment.

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